Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,883 shares of the software maker's stock after buying an additional 8,327 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Paycom Software worth $21,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Sylebra Capital LLC lifted its holdings in Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock valued at $237,015,000 after purchasing an additional 45,404 shares during the last quarter. FMR LLC lifted its holdings in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after purchasing an additional 357,723 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker's stock valued at $104,524,000 after purchasing an additional 6,488 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker's stock valued at $81,030,000 after purchasing an additional 151,807 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Price Performance

NYSE PAYC traded down $2.26 on Friday, hitting $209.72. 900,247 shares of the company's stock were exchanged, compared to its average volume of 454,779. The firm's 50-day moving average price is $210.30 and its two-hundred day moving average price is $192.20. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.81 and a beta of 1.15.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%. On average, research analysts predict that Paycom Software, Inc. will post 6.88 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's payout ratio is 18.05%.

Wall Street Analyst Weigh In

PAYC has been the subject of several research reports. Citigroup reduced their target price on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Mizuho boosted their target price on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Jefferies Financial Group boosted their target price on Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Piper Sandler boosted their price target on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday. Finally, StockNews.com upgraded Paycom Software from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of "Hold" and an average target price of $209.22.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.